Sunland Company has an inexperienced accountant. During the first two weeks on the job, the...
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Accounting
Sunland Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted. 1. A payment on account of $750 to a creditor was debited $650 to Accounts Payable and credited $650 to Cash. 2. The purchase of supplies on account for $600 was not recorded. 3. A $430 withdrawal of cash for L. Sunland's personal use was debited $430 to Salaries Expense and credited $430 to Cash. 4. Received $700 cash from a customer on account. Cash was debited $700 and Service Revenue was credited $700. 5. A customer was billed $370 for services provided. Accounts Receivable was debited $370 and Unearned Revenue was credited $370. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit 5
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